Poly Network Confirms Hacker Has Returned Most Of The Stolen Crypto

THELOGICALINDIAN - The crypto bazaar has been rocked by the account of what ability be the better DeFi drudge in history On August 10th the corruption on the Poly Network saw the hackers accomplish abroad with added than 600 actor in crypto A drudge that befuddled the absolute DeFi bazaar to its actual core

The hacker fabricated off with a boodle of over $200 actor in ETH. And hundreds of millions in tokens. After a admonishing from a user admonishing that their USDT abode had been blacklisted, the hacker again beatific about $42K in ETH to the abode which issued the warning. Resulting in hundreds of affairs actuality beatific to the hacker’s abode allurement for money.

This culminated in a three-day rollercoaster of affections and negotiations. The aggregation abaft the Poly Network, in a atrocious attempt, bound a letter to the hacker. Begging for the baseborn funds to be alternate to them. And to abundant surprise, the hacker listened. They agreed to acknowledgment the funds. But they asked that a multisig wallet address be provided for the crypto to be transferred into.

Hacker Begins To Return Stolen Crypto

Following the accouterment of the wallet, the hacker began the action of abiding the crypto. At first, the hacker acknowledgment SHIB tokens and added tokens. Which amounted to over $250 million. But there was still a ample allotment of the boodle larboard abaft in the hacker’s wallet. The Poly Network aggregation accepted this in a cheep afterward the return.

Update: PolyNetwork hackers accept alternate $253 actor on the BSC chain. pic.twitter.com/jO0SiWDtyP
— Wu Blockchain (@WuBlockchain) August 11, 2021

Various wallets addresses were provided for the hacker to accelerate the crypto into. Including an ETH wallet, a BSC wallet, and a Polygon wallet. All multisig wallets according to the blueprint of the hacker. Which they had requested because they said there was a bootless affiliation to the Poly Network.

Less than 24 hours ago, the Poly aggregation afresh took to Twitter to advertise added returns. This time advertence that the hacker had alternate best of the baseborn crypto to them. All assets had been beatific to the multisig wallets provided by the Poly Network. Except for the arctic USDT.

Why Is The Hacker Doing This?

Speculations were that the character of the hacker had been compromised. Hence their alertness to acknowledgment such a massive bulk aback to the network. But the hacker denied all of these. Saying that they had taken able precautions to accomplish abiding they would not be identified. Such as application acting fingerprint verification. Given that one of the advice the aegis company, SlowMist announced they had acquired was the hacker’s fingerprint.

Other speculations were that the baseborn crypto was already tagged. In this case, there was no way the hacker would be able to absorb the funds after advertisement themselves. Every transaction would be tracked meticulously. Leading to the analysis of whoever was abaft the wallets that the funds were transferred to.

A lot of aback and alternating had been had with the hacker afore they agreed to acknowledgment the funds. The hacker alike went as far as hosting a Q&A session. Where they acknowledgment questions apropos the hack, like why they had done it. To which the hacker had asked what they would accept done if faced with such an bulk of money. Also advertence that they “prefer to break in the aphotic and save the world.”

The baseborn crypto are not absolutely appear yet. Multisig wallets are defended in the actuality that they crave assorted signatures from complex parties. Hence, the hacker would still accept to assurance off on the wallets for the funds to be appear to the Poly Network team. Once the final key is accustomed from the hacker, again the aggregation can achieve admission to both the assets and cross-chain services.